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<Research>Daiwa Downgrades SITC (01308.HK) to Hold, Advises Waiting for Better Entry Point
Recommend 5 Positive 6 Negative 3 |
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SITC (01308.HK)'s 2025 revenue rose 12% YoY to US$3.412 billion, supported by a 4.5% YoY increase in average selling price and a 7.8% hike in volume, Daiwa released a research report saying. Gross margin expanded by 1 ppt YoY to 38.4%, driving a 19% YoY incline in earnings to US$1.23 billion. In 2H25, revenue dropped 1% YoY, while gross margin slid by 5.4 ppts YoY to 36.7%, due to higher bases last year and in 1H25. Therefore, Daiwa downgraded SITC from Buy to Hold, advising to wait for a better entry point, but added its target price from $31 to $32, equivalent to a projected PE ratio of 9x. AASTOCKS Financial News Website: www.aastocks.com |
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